What Criteria Does a Social Class System Use to Stratify

question 88

Multiple Choice

What criteria does a social class system use to stratify its members?

• A) heredity and employment status
• B) occupational attainment and gender
• C) wealth, property, power, and prestige
• D) gender, race, and ethnicity

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Definitions:

Residential Mortgage Loan

A loan secured by real property through the use of a mortgage note, typically used to purchase residential properties.

Mortgage Broker

A professional intermediary who helps borrowers find the best mortgage deals by comparing offers from different lenders.

Effective Rate of Interest

The actual rate of interest earned or paid on an investment or loan, accounting for the effect of compounding.

Nominal Interest Rate

The rate of interest before adjustment for inflation, representing the face value of financial transactions.